RIL to consider interim dividend on March 10

The company has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare interim dividend.

Reliance Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare interim dividend.

Pursuant to this, the Company has decided that the close period (i.e. closure of trading window) for the Insiders covered under “Reliance - Code to Regulate, Monitor and Report Trading by Insiders" would commence from 6:00 p.m. on March 07, 2016 and end 48 hours after conclusion of board meeting on March 10, 2016.

Stock view:

Reliance Industries Ltd ended at Rs. 1006.5, down by Rs. 6.05 or 0.6% from its previous closing of Rs. 1012.55 on the BSE.

The scrip opened at Rs. 1017 and touched a high and low of Rs. 1018 and Rs. 1003.75 respectively. A total of 4966340(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 326117.53 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 796.75 on 30-Mar-2015. Last one week high and low of the scrip stood at Rs. 1018 and Rs. 936.3 respectively.

The promoters holding in the company stood at 45.2 % while Institutions and Non-Institutions held 31.96 % and 19.71 % respectively.

The stock traded below its 50 DMA.